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Commercial Development Land in TIF Zone
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Lot 12 CROSS CREEK Boulevard, Salem, IL 62881

Vacant commercial lot in a TIF and Enterprise zone, with tax incentives and no sales tax on building materials.

Property SizeContact for details
Days on Market54

Property Features for Lot 12 CROSS CREEK Boulevard

General Information

Standard status Active
Property subtype Unimproved Land

Amenities

Natural Gas Available
Listing Agency: Equity Realty Group
Listed By: Jacqueline Ice
Source: Kw
Added: Jul 18 Changed: Aug 27 Last Checked: Sep 8 at 10:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Realty Group

Investment Insights

Based on property information with market context.

This for-sale vacant commercial lot, identified as Lot 12 Cross Creek Blvd, Salem, IL 62881, is positioned for redevelopment. Public remarks describe the site as suitable for retail, office, or restaurant development.

The lot is located in a TIF and Enterprise zone. According to the provided remarks, the incentives include tax benefits and no sales tax on building materials; Salem City Hall can provide additional details.

Key Highlights

  • Vacant commercial lot in a TIF and Enterprise zone with tax incentives
  • No sales tax on building materials (per listing remarks)
  • Stacked incentives listed for the property

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

337
Businesses Nearby

Demographics for 62881, IL

11,053
Population
5,032
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
93%
High-School Grad
99.2 sq mi
ZIP Area
111
Density / Sq Mi
$69,025
Median Household Income
$42,567
Median Earnings
$750
Median Rent
$111,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant commercial lot in a TIF and Enterprise zone, with tax incentives and no sales tax on building materials.
Where is this commercial land located?
The property is located at Lot 12 CROSS CREEK Boulevard Salem, IL.
What are key features of this property?
This property features: Vacant commercial lot in a TIF and Enterprise zone with tax incentives; No sales tax on building materials (per listing remarks); Stacked incentives listed for the property
More about this property
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